Global X Japan Co. Ltd. Has $2.02 Million Stock Position in Microchip Technology Incorporated $MCHP

Global X Japan Co. Ltd. lessened its holdings in Microchip Technology Incorporated (NASDAQ:MCHP) by 31.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,385 shares of the semiconductor company’s stock after selling 14,320 shares during the period. Global X Japan Co. Ltd.’s holdings in Microchip Technology were worth $2,016,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Sagespring Wealth Partners LLC grew its holdings in shares of Microchip Technology by 2.7% during the 2nd quarter. Sagespring Wealth Partners LLC now owns 5,787 shares of the semiconductor company’s stock valued at $407,000 after purchasing an additional 154 shares during the last quarter. Mechanics Financial Corp boosted its position in Microchip Technology by 3.4% in the second quarter. Mechanics Financial Corp now owns 5,014 shares of the semiconductor company’s stock valued at $353,000 after buying an additional 167 shares in the last quarter. Bollard Group LLC grew its stake in shares of Microchip Technology by 5.8% during the second quarter. Bollard Group LLC now owns 3,178 shares of the semiconductor company’s stock worth $224,000 after buying an additional 173 shares during the last quarter. Bank of Jackson Hole Trust increased its holdings in shares of Microchip Technology by 2.0% during the second quarter. Bank of Jackson Hole Trust now owns 8,828 shares of the semiconductor company’s stock worth $621,000 after buying an additional 174 shares in the last quarter. Finally, Trust Co. of Vermont lifted its stake in shares of Microchip Technology by 10.1% in the 3rd quarter. Trust Co. of Vermont now owns 1,966 shares of the semiconductor company’s stock valued at $126,000 after acquiring an additional 180 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insiders Place Their Bets

In other Microchip Technology news, CFO James Eric Bjornholt sold 4,292 shares of the stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $50.39, for a total transaction of $216,273.88. Following the completion of the sale, the chief financial officer directly owned 30,089 shares in the company, valued at approximately $1,516,184.71. This trade represents a 12.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Bank of America upped their target price on Microchip Technology from $67.00 to $72.00 and gave the stock a “neutral” rating in a report on Friday, December 5th. KeyCorp reaffirmed an “overweight” rating on shares of Microchip Technology in a research note on Wednesday, December 3rd. Truist Financial reiterated a “hold” rating and issued a $60.00 price objective (down previously from $64.00) on shares of Microchip Technology in a report on Friday, November 7th. Citigroup reduced their target price on shares of Microchip Technology from $90.00 to $80.00 and set a “buy” rating on the stock in a report on Friday, November 7th. Finally, Susquehanna decreased their price target on shares of Microchip Technology from $85.00 to $75.00 and set a “positive” rating for the company in a research report on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $76.00.

Microchip Technology Stock Performance

Shares of MCHP stock opened at $65.35 on Wednesday. The stock has a market capitalization of $35.32 billion, a PE ratio of -145.22, a PEG ratio of 2.07 and a beta of 1.47. The business’s 50 day simple moving average is $60.50 and its 200 day simple moving average is $65.16. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.25 and a quick ratio of 1.20. Microchip Technology Incorporated has a one year low of $34.13 and a one year high of $77.20.

Microchip Technology (NASDAQ:MCHP) last issued its quarterly earnings results on Thursday, November 6th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. Microchip Technology had a negative net margin of 4.39% and a positive return on equity of 5.21%. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the previous year, the company earned $0.46 EPS. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. As a group, research analysts forecast that Microchip Technology Incorporated will post 1.03 earnings per share for the current year.

Microchip Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 9th. Shareholders of record on Monday, November 24th were given a dividend of $0.455 per share. The ex-dividend date of this dividend was Monday, November 24th. This represents a $1.82 dividend on an annualized basis and a yield of 2.8%. Microchip Technology’s dividend payout ratio is -404.44%.

Microchip Technology Profile

Microchip Technology Inc is a semiconductor company headquartered in Chandler, Arizona, that designs, develops and supplies a broad portfolio of embedded control and analog semiconductors. Its product lineup centers on microcontrollers (including the well-known PIC family), digital signal controllers and associated development tools and software, along with a range of mixed-signal and analog devices, nonvolatile memory, power management, timing, interface, wireless and security products. The company also provides integrated hardware and software solutions intended to simplify embedded design and accelerate time to market for OEMs and contract manufacturers.

Microchip’s products are used across a wide range of end markets, including automotive, industrial automation, consumer electronics, communications, aerospace and defense, and Internet of Things (IoT) applications.